As the original meme coin trend, the Shiba Inu (SHIB) established itself in the crypto narrative during its remarkable rally last year. However, following its exceptional rise and severe decline, some are understandably skeptical about Shiba Inu’s ability to repeat its success. Whether the Shiba Inu will soar to new heights, potentially yielding seven-figure profits from even the smallest investments.
By examining crucial factors around community strength, token burning, competitor dynamics like Bitgert, and historical bull and bear cycles, we can analyze paths for Shiba Inu price to change from $100 into the range of $700K+.
What fuels the Shiba Inu rocket?
Meme or not, Shiba Inu boasts one of crypto’s most vibrant communities, as the SHIB Army rallied behind the pup coin’s viral ascent. This community momentum continues to perform well with other meme cryptocurrencies. This is because new retail investors are still more familiar with the Shiba Inu brand. As more capital flows into digital assets, the Shiba Inu coin remains top-of-mind, keeping demand robust amongst speculators.
Meanwhile, over 410 trillion Shiba Inu coins have been permanently destroyed, gradually constraining supply after the initial hyperinflationary phase. As this deflationary mechanism progresses, which reduces circulation, it counters selling pressures that could suppress prices. Of course, true believers also point to Shiba Inu’s entrance into metaverse gaming and NFTs hinting at further utility, beyond pure speculation.
Timing the next parabolic move for Shiba Inu
Although no one can provide accurate timing, past bull, and bear patterns indicate that the conditions may be met for SHIB’s next massive bull run as early as 2025. Experts in the cryptocurrency space predict the peak excitement surrounding the halving event. This is based on the four-year market cycles of Bitcoin. If these cycles continue as anticipated, the subsequent Bitcoin halving in 2024 would spark FOMO by mid-2025. This creates ideal circumstances for cryptocurrency assets like Shiba Inu to experience moonshot rallies.
The path from $100 to $700K for Shiba Inu
Hypothetically, a $100 Shiba inu investment today at a price around $0.00001316 could relatively quickly multiply 100x, reaching previous all-time highs around $0.00008845 per token. At this level, a $100 position would grow to over $700K. While timing entries and exits pose enormous challenges, Shiba Inu offers an asymmetric return with its alternatives like Dogecoin.
Diversification reduces risk
The crypto market faces greater market volatility and price fluctuations for different coins and tokens. Diversifying into multiple memecoins reduces the risk that one can have. Similar to the Shiba Inu coin price, the Bitgert (BRISE) token has recently shown higher returns. The coin price rose 12% and 31% in 24 hours and 7 days, respectively, thanks to its network capacities. Though Bitgert hasn’t yet surpassed Shiba Inu, this is due to its short history. Analysts and experts predict that the Bitgert price will eventually surpass all other meme coins available in the market, given its growing ecosystem and long-term potential.
